More Earnings 📊

Jan 25th 2023, 3:07 pm

Utilities, healthcare, and consumer staples are at the bottom of the standings so far this year because they are the most defensive industries. Furthermore, the riskiest, most volatile, and previously battered enterprises and subsectors lead the way in the booming sectors.
The video entertainment businesses (Warner Bros. Discovery, Paramount, Disney, Netflix, and others) in the communications sector account for most of the outperformance. They are still engaged in a fierce knife fight in the meantime.
The market leaders in consumer discretionary are the casino and travel industries. On the other hand, the technology and materials industries are supported by super cyclical like chips, chemicals, and steel.

ASML Earnings But Warns

Considering that $ASML recorded a record order backlog of over €40 billion and projected sales growth of 25% this year, the company's CEO anticipates semiconductor demand to rebound in the year's second half.
The Dutch holding continues to serve as the industry's top supplier of advanced lithography scanners for semiconductor chip manufacturing.
The business outperformed experts' predictions in the most recent quarter, reporting sales of 6.43 billion euros and a net income of 1.82 billion euros. The management of ASML anticipates a 25% growth in sales for the current year.
As the US asks allies from Japan to the Netherlands to assist in limiting China's access to crucial semiconductor technologies, $ASML CEO Peter Wennink warned that overbearing controls could increase prices for chipmakers.

Source: Yahoo Finance

$AAPL is taking steps to distance its mobile operating system from services provided by $GOOG, the company that owns Google. Its maps, search, and advertising advancements have set the Big Tech companies on a collision path.
Former Apple engineers claim that the company is steadfastly striving to remove Google from the iPhone because of its alleged theft of iOS by Android.

Source: Photo by Pixabay

In recent commodity news, oil prices jumped yesterday as demand grew due to China's economy reopening after the country abandoned its zero COVID-19 policy.
US Treasury Bond rates decreased across maturities on the fixed-income boards as traders shifted to the safe-haven asset.
The demand for options protection slowed down a little yesterday, which caused the VIX, or Chicago Board Options Exchange Volatility Index, to decline.

Xi Jinping will confirm some appointments to critical positions governing the world's most populous nation and burgeoning military might during the March lianghui, the combined meetings of China's rubber-stamp parliament and political advisory council.
When $TSLA recently reduced the price of various models across several geographies, it shook the car industry. Elon Musk decided to boost demand after the company reported weaker-than-anticipated deliveries at the end of the year.
$MSFT may have outperformed the market in earnings, but the company's sales growth was at its weakest rate since 2016, and its outlook suggested that the negative trends would persist.

Source: Yahoo Finance